The Flossbach von Storch Research Institute

Commentaries

28.03.2020 - Macroeconomics

The Coronavirus, the Surge of the US Dollar and the Risks for Emerging Markets

by Pablo Duarte

The corona crisis has caused the strongest capital outflows from emerging and developing countries in recent history. The next turbulences are close.

26.03.2020 - Stock repurchases

Share buybacks: When procyclicality becomes expensive

Investors should be aware whether the management always keeps an eye on the solvency of the company when repurchasing shares.

25.03.2020 - Society & Finance

Economic crises can also increase the mortality rate

Guest article in WiWo online

by Thomas Mayer

The economic costs of universal social distancing rise exponentially with its duration to dizzying heights. Why Germany can hardly keep this up for much longer.

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Studies

26.03.2020 - Macroeconomics

Post-corona fiscal quagmire

by Agnieszka Gehringer

In the aftermath of the Great Financial Crisis 2008-2009 and European debt crisis 2011-2012, the public debt ratios in G7 countries increased on average by altogether 40% of GDP. The coronavirus pandemic is likely to generate a much higher fiscal dam ...

18.03.2020 - Global economy

The merger of fiscal policy and monetary policy in the euro area

by Agnieszka Gehringer

As an answer to the looming economic crisis amid the coronavirus pandemic, several governments in the euro area announced very substantial rescue packages. As a consequence, public debt will increase strongly. For a number of countries the debt will ...

17.03.2020 - Global economy

Corona crisis: Italy’s government finances under pressure

by Agnieszka Gehringer

The increase of the public debt ratio in Italy as a result of measures to fight the coronavirus pandemic and of the recession will sooner or later require an intense effort to ensure the solvency of the Italian state.

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Press

Debate of a global currency war

The Euro at 20: A New Deal to Save the Euro

Más TLTRO y un Draghi cauto: lo que esperan las gestoras de la próxima reunión del BCE

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